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DJ30: move down low

Fundamental analysis:

The Dow Jones Index closed down 234.11 points, or 0.71%, at 32654.98 points on February 28 (Tuesday). The U.S. merchandise trade deficit expanded moderately in January, and both imports and exports grew steadily. The U.S. merchandise trade deficit widened 2.0% to $91.5 billion in January, as merchandise imports rose $8.8 billion to $265.3 billion and merchandise exports rose $7 billion to $173.8 billion.

Dow Jones DJ30 - 4-hour K-line chart shows:

Brief technical analysis:

Looking at the 4-hour chart: The low-level short-term momentum maintains and moves down slowly, the short-term decline may continue, the market as a whole is in a weak position, the MACD indicator is in the short-selling area, and the RSI indicator is hovering weakly below the 50 balance line;

Long and short turning point: 32681

Suppression: 32782, 32882
Support: 32544, 32445

Trading strategy: bearish below 32681, target 32544, 32445
Alternative strategy: Bullish above 32681, target 32782, 32882

The above information is provided by special analysts and is for reference only. CM Trade does not guarantee the accuracy, timeliness and completeness of the information content, so you should not place too much reliance on the information provided. CM Trade is not a company that provides financial advice, and only provides services of the nature of execution of orders. Readers are advised to seek relevant investment advice on their own. Please see our full disclaimer.

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